A STRONG DOLLAR FACING THE EURO
The first half of April was generally marked by a bullish Euro against the Dollar, in particular due to
- a renewed risk appetite of Forex traders
- Worse-than-expected figures on the US job market
- market confidence in the measures taken by central banks and European governments in the face of the Coronavirus pandemic. Indeed, the fall in deaths in several European countries has strengthened the credibility of a possible reopening of economic activities in May 2020.
As of mid-April, the return of risk aversion on the markets was felt through the decline of the EUR / USD. The Yen and the Dollar have since regained the attention of investors as safe havens in the face of economic and financial uncertainty.
The EUR / USD has been evolving without trend since April 17 and market operators seem undecided.
A YEN ON THE RISE AGAINST THE DOLLAR
In early April, the Yen fell back against the Dollar and the Euro, following the announcement by the Japanese government of its intention to declare a state of emergency in several regions, including Tokyo.
The oil deal, improved health figures in Japan and less than expected Chinese export figures are boosting investor confidence. Nevertheless, in a climate of uncertainty, which justifies the rise of the Yen against the Dollar.
In the current context of a strong Dollar against the Euro and a rising Yen, it is more advantageous to make money transfers in the direction United States> Euro zone and Japan> United States.